Mambu and Alchemy Partner to Deliver Cloud-Native Lending for US Banks
On November 17, 2020, cloud banking platform Mambu announced a partnership with Alchemy to deliver a cloud-native lending operating system and workflow engine for US community banks and credit unions. The integrated solution combines front-end and back-end platforms, enabling institutions to launch new consumer and SMB lending products in 60 to 90 days. Mambu provides the composable banking core while Alchemy contributes its lending decisioning and workflow engine.
The partnership targets smaller financial institutions seeking to modernize lending operations and compete with larger banks and fintechs. Financial terms of the partnership were not disclosed. The collaboration reflects the broader trend of modular, API-driven infrastructure enabling traditional banks to rapidly develop and deploy new financial products.
- Cloud-native lending platforms lower the barrier for community banks to compete with fintech lenders
- Mambu deepens its US market presence through partnerships targeting underserved community banking segment